Global Biodiversity Finance

Global Biodiversity Finance

The Case for International Payments for Ecosystem Services

Edited by Joshua Bishop and Chloe Hill

Global Biodiversity Finance sets out the case for scaling up Payments for Ecosystem Services (PES) at the international level. The book explores how International Payments for Ecosystem Services (IPES) can help capture the global willingness-to-pay for biodiversity, and how the resulting revenues can be used efficiently to encourage conservation and the sustainable supply of ecosystem services, on which we all depend. This timely volume includes examples of promising initiatives from around the world, supporting an agenda for action to make IPES a reality.

Chapter 6: IPES supply-side case study: the Surui Carbon Project in Brazil

Steve Zwick, Phil Covell, Beto Borges and Jacob Olander

Subjects: economics and finance, environmental economics, environment, ecological economics, management natural resources, valuation


● A growing number of indigenous groups hope to earn income from reducing emissions from deforestation and forest degradation (REDD), a financial mechanism that aims to incentivize the conservation of forests while at the same time reducing greenhouse gas (GHG) emissions from forested lands. ● REDD is not a panacea, but should instead be viewed as part of an overall development strategy that addresses the local drivers of deforestation. ● Income for REDD has historically only begun to flow after a protracted start-up and implementation phase, although there is some evidence that buyers may be more willing to make up-front payments as understanding increases. ● It is critical to establish tenure before implementing an REDD programme. ● It is also critical to work with partners who have the necessary blend of skills to get REDD projects off the ground successfully.

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